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ZAYO

Zayo Group

$31.44

0.32 (1.03%)

08:46
05/19/17
05/19
08:46
05/19/17
08:46

Zayo Group downgraded to Buy from Conviction Buy at Goldman Sachs

Goldman analyst Brett Feldman removed Zayo Group from the Conviction Buy List following Q1 results that indicate a near-term acceleration in revenue growth will take time to materialize. The analyst said bookings and growth missed expectations and said a near-term reaccelerating is unlikely. Longer-term, Feldman continues to see a ramp in OTT video offerings, reintroduction of unlimited data plans by wireless carriers, and continued cloud adoption as growth drivers. The analyst rates Zayo Group a Buy with a $39 price target.

ZAYO Zayo Group
$31.44

0.32 (1.03%)

05/10/17
05/10/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yelp (YELP) downgraded to Neutral from Buy at MKM Partners and to Sector Perform from Outperform at RBC Capital. 2. General Dynamics (GD) downgraded to Market Perform from Outperform at Bernstein with analyst Douglas Harned downgraded the stock based on valuation. 3. Zayo Group (ZAYO) downgraded to Market Perform from Strong Buy at Raymond James and to Neutral from Overweight at JPMorgan. 4. U.S. Steel (X) downgraded to Market Perform from Outperform at Cowen with analyst Novid Rassouli citing lack of earnings visibility. 5. Rocket Fuel (FUEL) downgraded to Neutral from Outperform at Credit Suisse with analyst Stephen Ju citing "sloppy first quarter results." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/10/17
RAJA
05/10/17
DOWNGRADE
RAJA
Market Perform
Zayo Group downgraded to Market Perform from Strong Buy at Raymond James
Raymond James analyst Frank Louthan downgraded Zayo Group to Market Perform from Strong Buy following ahead of expected "choppiness" in the next few quarters related to a larger sales restructuring. The analyst said Zayo is facing several internal challenges that will impact a reacceleration in growth and believes shares could trade sideways near-term.
05/10/17
RHCO
05/10/17
NO CHANGE
RHCO
Zayo Group outlook remains upbeat, says SunTrust
After Zayo reported lower than expected revenue, SunTrust analyst Greg Miller expects its bookings to continue to rise throughout the year. He thinks that the company still has strong "demand drivers," and he keeps a $39 price target and Buy rating on the stock.
05/10/17
OPCO
05/10/17
NO CHANGE
Target $42
OPCO
Outperform
Zayo Group price target raised to $42 from $36 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for Zayo Group to $42 from $36 following quarterly results. The analyst notes that bookings in the quarter rebounded which he views as a positive, and believes the long-term demand for fiber remains intact. The densification of networks, 5G, fixed wireless, and cloud are all secular drivers and should help drive long-term growth, he adds. Horan reiterates an Outperform rating on the shares.

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PTCT

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THR

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PEGA

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SHW

Sherwin-Williams

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ELVT

Elevate Credit

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CTMX

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FB

Facebook

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HFC

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PBF

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LPX

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WY

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ALXN

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PNR

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